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20110731
20110731
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crisis is on the minds of u.s. troops serving in afghanistan. marines want to know if they'll get paid if the debt deadline expires. it was the first question they asked the chairman of the joint chiefs of staff during his visit today to afghanistan. admirable mike mullen told him he does not know the answer, but says he's confident they will eventually get any salary they're owed. >>> failure to raise the debt ceiling could have widespread impact and end up costing us all more. interest rates for homes and cars are expected to rise. rates for a 30-year fixed mortgage could go a half percent. economists believe the crisis could lead to a further drop in the value of the u.s. dollar. as a result the price for goods, specifically imported from china, like rice and spices would increase. jitters about the debt deadline are having an impact on wall street. the dow lost 581 points last week. there's the biggest weekly drop in a year. >>> a stanford political science expert says the impasse is nothing new. professor david brady says both parties have the same problem, getting their members t
in afghanistan, asking their commander if they are going to get paid, it's really shameful. >> yes. >> what are the choices that are going to be made if this doesn't come through as you hope? >> well, it's really unthinkable. i think the scepter you raised is one of the reasons i think there's so much urgency on capitol hill this morning. >> what are the tough choices and what will be paid? >> first of all, our focus now is on solving this. you know, we don't have much time left. a little over 60 hours, i guess. we've got to get this solved. >> and, you know, at the last hours, people are looking for off ramps. there is no off ramp here. the only option for congress to raise the debt ceiling and sign the initial deficit reduction savings into law. obviously, if congress isn't able to act, the treasury department has to brief people affected and will obviouslsldo that. the focus has to be driving toward some conclusion. i think the american people are gone through this recession, many lost jobs, many working two jobs, they are helping family members who have been affected. they are furious a
significantly. imagine this. half a world away in afghanistan, u.s. soldiers today, meeting with their chief, chairman of the joint chiefs mike mullen, asked, will we get paid? and he was forced to say, i simply don't know. but beyond that, america's international friends and, indeed, its friendemies, are concerned. they say, it is damaging. they call it irresponsible, what's happening in washington. especially china, which holds the most u.s. debtbt. it's calling for a resolution to this. and a key investment manager says to me, that the rest of the world is stunned, bewildered, more than a little worried. and that the damage has already being done. it's already more than a flesh wound. >> always fun to hear the word friendemy on the evening news. christiane, let me just pick up on the last thing you said there. do you really think that even if a deal is done and they beat the clock, that real damage has been done in a lasting way? >> well, look. this is what people there are saying. that the level of thth acrimony, the level of the paralysis, the partisanship here, has sent a discouraging
is in afghanistan promoting president obama's order to begin withdrawing troops. admiral mike mullin said drawing down the troops can be done without putting the mission at risk. >>> and the first trees donated by the september 11th memorial in new york city have been planted where flight 93 crashed in pennsylvania. all 40 trees will be planted, one for each victim on that flight. >>> a mississippi man, this is a weird one, was arrested for letting his 8-year-old son drive, while he, the father, was asleep, allegedly drunk in the passenger seat. state troopers were called when they saw the pickup driving erratically. the man's 4-year-old daughter was also in the car. >>> and finally, some penguins at the san francisco zoo have rejoined their colony after graduating from fish school, fish school. imagine that. the penguins spent the past month learning how to swim and interact with people. it's time for the weather and casey curry from the abc 13 station in houston, casey. >> good morning, ron. we'll talk quickly about the tropics. yesterday it was about tropical storm don. don is gone, but we're
Search Results 0 to 3 of about 4